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Oil Prices Explode

To the chagrin of sport utility vehicle owners, US gasoline prices continue to rise. OPEC and non-OPEC affiliated oil producing companies have tightened the supply of oil, thus driving up the demand and the prices. In early February, oil prices reached a nine-year high, surpassing the $30 per barrel mark for the first time since 1991. Consumer gasoline prices have leaped over 50 percent, averaging nearly $1.50 per gallon, nationwide. The prices have forced cab drivers to add surcharges to their fees, and airlines, experiencing price hikes in jet fuel, have unsuccessfully tried to raise round-trip ticket prices. On Tuesday, February 22, 2000, over 200 truck drivers protested the price of diesel fuel on the Mall in Washington, DC. The following seven news briefs, articles, and Websites offer background information, commentary, and news on this topic.
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Date of Scout Publication
February 24th, 2000
Date Of Record Creation
April 7th, 2003 at 1:34pm
Date Of Record Release
April 7th, 2003 at 1:34pm
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